Question 1

Do property management companies need a broker of record in California?

Accepted Answer

Yes. California Business and Professions Code Section 10131 requires property management activities — including leasing, rent collection, and managing properties for others — to be conducted under a licensed real estate broker. Operating a property management company without broker supervision is illegal and can result in DRE enforcement action.

Question 2

How much does a broker of record cost in California?

Accepted Answer

BOR fees typically range from $300-$2,000+ per month depending on the scope of broker supervision. Loom Realty charges $500/month for Management & Leasing, $1,000/month for real estate sales supervision, and $1,500/month for full-service management, leasing, and sales supervision. All tiers include a $500 one-time onboarding fee.

Question 3

How do I find a broker of record for my property management company?

Accepted Answer

Look for brokers who specialize in BOR services (not traditional sales brokers taking on extra work). Key factors: DRE audit experience, trust fund compliance knowledge, property management-specific form access (AOA, AAGLA), fair flat-fee pricing, and active broker status. Loom Realty offers dedicated property management BOR services starting at $500/month throughout California.

Question 4

What is a Broker of Record?

Accepted Answer

A Broker of Record (BOR) is a licensed real estate broker who provides supervision for a real estate company. California law requires every real estate company to operate under a licensed broker. A BOR arrangement allows companies to operate under an experienced broker's license without employing their own broker.

Question 5

Does Loom Realty provide BOR services throughout California?

Accepted Answer

Yes. Loom Realty provides Broker of Record services statewide — Los Angeles, San Francisco, San Diego, Sacramento, the Bay Area, Inland Empire, Central Valley, Central Coast, and all other California regions. Our compliance supervision works remotely; you don't need to be near our Calabasas office.

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